Desscount
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ComboLabs
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January 19, 2019, 07:00:38 AM |
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well, if that is your opinion then why are you still following the signature campaign? isn't that contrary to what you think. I don't think this is as simple as you described |
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- ESPERS -
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January 19, 2019, 08:54:27 AM |
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I do not think cryptocurrency can be considered a ponzi scheme. The ponzi scheme is based on a certain centralization, while the crypto market is totally decentralized. If coin prices are very fluctuating during this period, it does not mean it has anything to do with the ponzi scheme. Simply, investors are expecting a higher decline in currency prices.
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wewe123
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🚀🚀 ATHERO.IO 🚀🚀
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January 19, 2019, 11:19:29 PM |
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Everyone is entitled to what he or she believes i mean people just make up somethings without proper investigations and proper research its not a pozi scheme its a technology the world is about to adapt to
Yeah that's what outsiders believe, they will strongly believe in the government's paid media, that bitcoin is just a scam and ponzi investment, that is detrimental to you and many fools people who believe it Its been years now that the bitcoin has been called a ponzi scheme even the fact that bitcoin has successfully gain trust by many customers and investors , and at the end of those negative assumption of others for cryptocurrency, but it stand strong and remain the thing to join and invest and that is cryptocurrency. |
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mikejones235
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January 19, 2019, 11:36:03 PM |
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There are couple of things the OP doesn't take into account. First of all, blockchain and cryptocurrencies are different. Blockchain is the technology while cryptocurrencies are products build on top of blockchain technology.
Blockchain is a great decentralized system that uses many computers resources and there is no central decision making. I believe this technology has bright future ahead of it.
There's a reason cryptocurrencies aren't widely adopted. Currently around 6-7M people in the whole world use crypto currencies to purchase goods or services. That's too little market adoption so price can be stable. Therefor, currencies value fluctuates every single day which makes them quite risky. Transaction time is also very slow. Bitcoin can process around 5-6 transactions per second, Etherium - around 20 and Visa - 1700. Imagine the whole world start using bitcoin tomorrow. Everything will collapse in a day.
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BurgerCash
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January 19, 2019, 11:53:25 PM |
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Ponzi has a slightly different definition.
Pyramid scheme is what you're referring to.
And crypto is not necessarily a pyramid scheme, the "store of value" narrative is pyramid scheme 101 - and people who still use it are advertising a pyramid for their own enrichment.
But as long as you work towards enhancing the utility of crypto (and there's lots of potential) its price will be based on actual quantifiable metrics - and not speculation. When we reach this stage, the "pyramid" label will be officially denied.
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Borderless trading with the Jarvis Exchanges.
Buy Apple stocks with Bitcoin. Jarvis.exchange (http://Jarvis.exchange) |
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NavI_027
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January 20, 2019, 12:59:23 AM |
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The basic underlying idea behind the use and creation of cryptocurrency is to present financial freedom to everybody no matter where you find yourself in this world. But the volatile nature of these digital currencies got me thinking, what if the whole idea of blockchain and cryptocurrency is just one giant Ponzi Scheme?
That was only a what if but it's not. Yes! Crypto or btc to be more specific can be used in Ponzi schemes but it doesn't mean that the creation of it was intended for those matter or any fraudulent activity in the first place. Of course it was for the good of us, however there are just people who use it for satisfying their greed which is very sad to know. Within a short period of time, there have been about thousands of cryptocurrencies created. Majority of these digital currencies are either trying to solve problems of a particular cryptocurrency by presenting solutions they think can help improve financial freedom. This usually gets me wondering and thinking.
I see your point. Some of ICOs are legit, some are scam; some have a nice platform, some are just for the sake of pumping and dumping. It's now up to you on how will you look to those coins and whether you will trust them or not. |
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xabre
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January 20, 2019, 04:43:42 AM |
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Many project ponzy always use bitcoin as their platform and make all of investor are interested for investing at Ponzi project, we have stop and give knowledge to many people for stopping make investment at Ponzi project and use bitcoin as their platform name, we have know bitcoin never joined with ponzi and scheme project, always doing right when you make investment at bitcoin or altcoin how ever your situation always checked before you make investing.
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sehoon
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January 20, 2019, 05:23:11 AM |
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I don't think how the cryptocurrency works is close to a one big ponzi scheme. Both works differently and you earn money in a different way. And cryptocurrency is a proven source of money. While ponzi schemes are manage by huge scammers.
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sadass123
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January 20, 2019, 09:34:27 AM |
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do you think just because BTC so volatile and you can say bitcoin is another one ponzi scheme..? . there are times when you have to get through the storm so that later you get used to it . if you are investor you must believe what you invest , but if you trader you just need to make a analysis like Fundamental, Technikal also sentiment analysis
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VECAP ▬ next generation of smart home
https://vecap.io/ |
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LogitechMouse
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Chancellor on brink of second bailout for banks
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January 20, 2019, 01:15:48 PM |
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Cryptocurrency being volatile doesn't mean that it is a one giant ponzi scheme already. We all know that cryptocurrency has been used by only a few people in the world not like the current monetary system we are using right now which is fiat that is not that volatile compare to crypto. Yeah we all know that it is easy to create an altcoin at this times. Some or should I say most of them are either a scam coin or a project which is not developed because of some reasons like lack of funds. |
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MI6
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January 23, 2019, 08:59:33 AM |
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I never think about that, and everyone maybe have same opinion too. We know what you called thousands of cryptocurrencies created it is because each dev have their reason behind their project. But we can't generalize it as crypto is one big ponzi scheme. |
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iMark
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January 23, 2019, 09:40:48 AM |
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I do not think cryptocurrency can be considered a ponzi scheme. The ponzi scheme is based on a certain centralization, while the crypto market is totally decentralized. If coin prices are very fluctuating during this period, it does not mean it has anything to do with the ponzi scheme. Simply, investors are expecting a higher decline in currency prices.
Some of them say that bitcoin is only profitable for old users, but we reject it. I as a new user also benefited and it's true what you say, Bitcoin is decentralitation, that system is far different from the ponzi scheme |
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marcous
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January 23, 2019, 10:58:14 AM |
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Not all cryptocurrency has a Ponzi scheme. like cryptocurrency or altcoin trading on an exchange that only relies on buy support and sells support. all prices, charts, and volumes are clearly visible. Otherwise, if crypto is promised to rise to a price of several dollars, it is like all prices have been arranged by one party and I advise never buy coins that have a Ponzi scheme that is why the crypto image is bad due to the Ponzi scheme applied to cryptocurrency. Basically, prices rise up according to the amount of supply and demand.
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shesheboy
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January 23, 2019, 11:06:22 AM |
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this has been discussed many times and the answer is still no . NO crypto is not a ponzi . people only consider it because they see that the price of cryptos are too damn high and they think it will collapse in an instant after they invest thru it and they were actually right . the price did collapse after an increase but not because cryptos are really a ponzi . the collapse happened because people also sell for profit and its normal for this kind of market . the digital aspect and the anonimity feature is also the reason on why people think cryptos are ponzi's .
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jademaxxiss012
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January 23, 2019, 11:15:48 AM |
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Many project ponzy always use bitcoin as their platform and make all of investor are interested for investing at Ponzi project, we have stop and give knowledge to many people for stopping make investment at Ponzi project and use bitcoin as their platform name, we have know bitcoin never joined with ponzi and scheme project, always doing right when you make investment at bitcoin or altcoin how ever your situation always checked before you make investing.
Yes many projects that are related to cryptocurrency are scam and could be compared to a Ponzi scheme but not all crypto are scam. THere are few crypto also that are also now operating like in the exchanges, mining industry and other concrete projects where the money of the investors was being utilized and able to earn profit on it. |
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Ravion
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January 31, 2019, 09:54:29 PM |
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Technically Bitcoin is not a ponzi scheme any more than gold is a ponzi scheme. Participants are buying and selling Bitcoin in a free market, by agreeing on the price. That's how all transactions are made in all markets. Yes, many people have called Bitcoin a ponzi scheme. But this either is because they don't know what Bitcoin is, or they're implying that people are putting their money in to something that has no real value. But what defines the real value of something? Value is subjective. Those other cryptocurrencies are about people who didn't buy Bitcoin when it was cheap and are trying to find a very cheap one now that will greatly appreciate. |
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Finestream
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January 31, 2019, 10:03:22 PM |
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Many project ponzy always use bitcoin as their platform and make all of investor are interested for investing at Ponzi project, we have stop and give knowledge to many people for stopping make investment at Ponzi project and use bitcoin as their platform name, we have know bitcoin never joined with ponzi and scheme project, always doing right when you make investment at bitcoin or altcoin how ever your situation always checked before you make investing.
Yes many projects that are related to cryptocurrency are scam and could be compared to a Ponzi scheme but not all crypto are scam. THere are few crypto also that are also now operating like in the exchanges, mining industry and other concrete projects where the money of the investors was being utilized and able to earn profit on it. I agree.Although we cannot deny that there are still some scams happening in the crypto world,but i would not conclude that the whole crypto world was just a ponzi scheme.I think many people have proven it already.Even myself have tested it because i am always gaining profits in this crypto world so i really never think that in the end,this will turn out into a ponzi scheme. |
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Timmzzy
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January 31, 2019, 10:28:39 PM |
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See let all you online today don't make u believe Cryptocurrency is a Ponzi scheme, I believe you have got ideas the beginning of Cryptocurrency and till date it's still standing strong in other hands why people will think it's a Ponzi is because they definitely don't understand how it works. |
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Timmzzy
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January 31, 2019, 10:31:06 PM |
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I don't think how the cryptocurrency works is close to a one big ponzi scheme. Both works differently and you earn money in a different way. And cryptocurrency is a proven source of money. While ponzi schemes are manage by huge scammers.
I like what you said, the believe is yet to be notified that bitcoin as a whole has really made many people rich today. I am not exemptional I have gain alot in Cryptocurrency and more to be gain. Let's not just keep believing crypto is a Ponzi. |
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minersday
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January 31, 2019, 11:03:00 PM |
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I am very sure that your main reason for thinking that cryptocurency is a ponzi scheme as to do with the fluctuation in its prices. Ponzi scheme normally does not have relevant key mains and principles in terms of its way of operation. Blockchain is the tool and cryptocurrency is just a digital currency that allows the user using the blockchain to operate and provide services with this tool. The changes in the price of crypto is as a result of the decentralized nature of the blockchain technology. people decide on the price they want to sell their crypto coin, and affects the value of the coin. Cryptocurrency is no ponzi scheme.
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